Market Ethos - Don't bet on the recent rally Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Aug 23, 2022 Investing is NOT gambling; done right, it involves thoughtful portfolio construction – incorporating objectives with capital market assumptions influenced by the current environment and expectations going forward. But sometimes gambling is afoot in the... Read more
Market Ethos - Filtering forecasts Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Aug 16, 2022 Investors often look for a playbook, a way to help guide them through times of uncertainty. History is often used to write that playbook. However, markets are just like any sport – rules change, equipment improves, and what worked best in the past may... Read more
Market Ethos - Why is the market so happy? Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Aug 10, 2022 The tech tilted NASDAQ has risen +20% since mid-June. Still materially down on the year, but a 20% rise over seven weeks is both significant in the size of the advance and duration. Other markets, which were not down as much, have also risen nicely. S&P... Read more
Investor Strategy - Second half off to a good start Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Aug 03, 2022 One would think with CPI rising, Fed going 75 bps, Bank of Canada raising by 100 bps and U.S. GDP posting a second consecutive quarter of negative growth that the recession chorus is growing louder and things sound dire. Yet markets have rallied this... Read more
Market Ethos - The future is bright for Japan Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Jul 27, 2022 The often-cited investment adage that stocks go up in the long run seems to apply just about everywhere except Japan. The Nikkei index is still below its peak in 1989, and many of the attempted reforms, ranging from monetary, fiscal, and governance, have... Read more
Market Ethos - Emerging markets – not now, but never say never Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Jul 19, 2022 Emerging markets (EM) have a very strong allure for inclusion into the international equity component of a portfolio. These markets are generally attached to economies that are in a different stage of development, reacting more to investments than developed... Read more
Market Ethos - Currency in the spotlight Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Jul 12, 2022 These are troubled times for the markets with equities down, yields up, inflation, lost luggage, and now recession grumblings. Yet the most recurring question during client events remains the Canadian dollar. While these questions are predominantly aimed... Read more
Investor Strategy - Our halftime report: a recap and a playbook Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Jul 05, 2022 If this investing year were a football game, the coach would be having a hard talk with the team at this halftime. Markets are beaten down, investors are generally having a very difficult time of it, and there has been no place to hide. In traditional... Read more
Market Ethos - The good news and the bad news Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Jun 28, 2022 We, and just about anyone else penning market missives, have been referencing the coming economic slowdown. And it is literally what tightening financial conditions are trying to achieve – with slow growth and lower aggregate demand, inflation will fall... Read more
Market Ethos - A challenging week for investors Filed Under: Investment Services | Portfolio Management | Wealth Management Published by Dolores Jandoc on Jun 20, 2022 To borrow from Lenin, last week was one of those market weeks where it seems like there was a year’s worth of moves. As of the close, we saw: The U.S. Federal Reserve raise the Fed Funds rate by 0.75% – the largest single meeting move since 1994. The... Read more